b"Financial InformationThe followingCONDENSED BALANCE SHEETS as of September 30,20212020is a summaryASSETSof informationcash and investments$86,605,521$34,439,082 contained ingrants, contracts & other receivables6,289,0465,836,418 loans receivable, net110,687,308111,621,356 RCAC's annualfixed assets1,739,9922,036,668 financialother assets3,407,6983,257,644statements.total assets$208,729,565$157,191,168LIABILITIES & NET ASSETS Complete financial statements with theaccounts payable & accrued liabilities$4,807,200$ 7,751,673 associated independent auditor's reportnotes and bonds payable123,698,76697,944,962 are available at www.rcac.org. net assets80,223,59951,494,533total liabilities and net assets$208,729,565 $ 157,191,168 CONDENSED STATEMENTS OF ACTIVITY for the Years Ending September 30, 20212020REVENUEgrants and contracts$45,156,276$22,812,909 loan fees and interest7,050,2856,346,290 investment income247,524275,427 other64,890372,512total revenue$52,518,975$ 29,807,138EXPENSESloan fund$5,918,628 $4,724,256 housing3,224,9613,242,460 community & environmental8,867,8739,699,872 other programs1,210,2221,330,857 fundraising249,168294,240 rental operations114,354139,374 management and general4,204,7033,689,790total expenses$23,789,909$23,120,849increase in net assets$28,729,066$ 6,686,289consisting of: change in unrestricted net assets$7,385,627$ 2,789,492 change in temporarily restricted net assets21,343,4393,896,797$28,729,066$6,686,28916 2021 Rural Community Assistance Corporation Annual Report"